E14-7B (Amortization Schedule—Effective-Interest) Assume the same information as E14-6B. Instructions Set up a schedule of interest expense and premium amortization under the effective-interest method. (Hint: The effective interest rate must be computed.)

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E14-7B (Amortization Schedule—Effective-Interest) Assume the same information as E14-6B.

Instructions

Set up a schedule of interest expense and premium amortization under the effective-interest method.

(Hint: The effective interest rate must be computed.)

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